This news contained in the story was originally disseminated by Mandalay
on September 28, 2006 and was re-distributed by Market News Publishing,
Inc. without the approval or knowledge of current management. This news
is over five years old and not material to the Company's current
exploration program at La Quebrada.

About Mandalay Resources Corporation:

Mandalay is a Canadian-based natural resource company with production
and exploration assets in Australia and Chile. The Company is focused
on executing a roll-up strategy, creating critical mass by aggregating
advanced or in-production gold, copper, silver and antimony projects in
Australia and the Americas to generate near-term cash flow and
shareholder value.

Forward-Looking Statements

This news release contains "forward-looking statements" within the
meaning of applicable securities laws. Readers are cautioned not to
place undue reliance on forward-looking statements, since actual
results and developments may differ materially from those contemplated
by these statements depending on, among other things, changes in
commodity prices, general market and economic conditions, and success
of future drilling. The factors identified above are not intended to
represent a complete list of the factors that could affect Mandalay. A
description of additional risks that could result in actual results and
developments differing from those contemplated by forward-looking
statements in this news release can be found under the heading ―"Risk
Factors" in Mandalay's annual information form dated March 31, 2011, a
copy of which is available under Mandalay's profile at www.sedar.com. In addition, there can be no assurance that any inferred resources
that are discovered as a result of additional drilling will ever be
upgraded to proven or probable reserves. Although Mandalay has
attempted to identify important factors that could cause actual
actions, events or results to differ materially from those described in
forward-looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or
intended. There can be no assurance that forward-looking statements
will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking
statements.